Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 01-30-2014, 09:19 PM
Junior Member
 
Join Date: Jan 2014
Posts: 2
How To Calculate Interest For Shareholder -note Payable

On My Last Return Filed My Cpa Accrued Interest Of 1163.00 For Loan Owed To Shareholder (beg Of Yr Was 26,933 And End Of Year Was 50,979) An Addl 24,046 Was Loaned To S Corp From (100%)shareholder During Year Thus Making Yr End Loan Of 50979. My Question Is How Do I Come In And Calculate The Interest On This Return - An Additional Loan To The S Corp From Shareholder Of 26,146 Leaving 77,125 As The Yr End Loan Amount. Is There A Formula To Use?? I Have Been Able To Figure Out Everything Else But How To Handle The Interest. Please Help.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How to calculate penalties and interest for missing 1099-INT for NJ state Gil716 Miscellaneous 1 04-05-2013 10:44 AM
note receivable gift rdockins Capital Gains 1 02-22-2011 05:05 AM
Interest due Shareholder if C Corp is cash basis maslarcpa C-Corporation 1 02-17-2009 11:24 PM
Note Receivable Casco Income 0 01-29-2009 03:58 PM
Accrued interest on shareholder note to C-Corporation luke1290 C-Corporation 1 01-26-2009 10:35 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.